Economic News
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EU to look at Microsoft-OpenAI investment as part of market probe
Tuesday 09 Jan 2024
(Sharecast News) - The European Commission announced two calls for contributions on Tuesday, focusing on competition within virtual worlds and generative artificial intelligence (AI), particularly Mic... Read More
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German industrial output posts shock fall in November
Tuesday 09 Jan 2024
(Sharecast News) - German industrial production registered an unexpected fall in November, making it the six straight month of declines as manufacturing in Europe's biggest economy continued to strugg... Read More
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Retailers hit by subdued festive demand - BRC
Tuesday 09 Jan 2024
(Sharecast News) - Retailers finished 2023 on the back foot, industry data showed on Tuesday, despite a modest uptick in demand in the week leading up to Christmas. Read More
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Oil stocks slide as Saudi Arabia cuts crude prices
Monday 08 Jan 2024
(Sharecast News) - Oil stocks were hit as major producer Saudi Arabia cut prices across the board, sending benchmark crude sharply lower on Monday. Read More
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UK labour market ends 2023 on muted note
Monday 08 Jan 2024
(Sharecast News) - UK firms remain reluctant to hire new staff, an industry survey showed on Monday, as the weak economic outlook continued to weigh heavily. Read More
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UK manufacturers turning more confident on industry conditions
Monday 08 Jan 2024
(Sharecast News) - UK manufacturers are more bullish about the sector's prospects than they were 12 months ago, according to a survey out on Monday from Make UK and PwC. Read More
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UK house prices hit nine-month high in December
Friday 05 Jan 2024
(Sharecast News) - House prices in the UK rose for the third straight month in December, with the average home costing £3,066 more, according to the Halifax House Price Index published on Friday. Read More
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UK car registrations post strongest jump since pandemic - SMMT
Friday 05 Jan 2024
(Sharecast News) - UK new car registrations posted their strongest jump since the Covid pandemic as supply chains eased up and fleet demand drove sales, industry figures released on Friday revealed. Read More
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UK construction sector downturn eases in December
Friday 05 Jan 2024
(Sharecast News) - The downturn in the UK construction sector eased a little in December, according to a survey released on Friday. Read More
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Wet weather keeps shoppers home in usually-busy December
Friday 05 Jan 2024
(Sharecast News) - British shoppers headed out more reluctantly during the usually busy holiday period, according to fresh data released on Friday morning, with retail footfall seeing a notable declin... Read More
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US private sector adds more jobs than expected in December - ADP
Thursday 04 Jan 2024
(Sharecast News) - Private sector employment in the US rose more than expected in December, according to figures released on Thursday by ADP. Read More
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UK consumer credit borrowing at highest since 2017
Thursday 04 Jan 2024
(Sharecast News) - UK consumer credit borrowing rose to its highest levels in nearly seven years in November as consumers took on more credit card debt ahead of the festive season in the midst of a co... Read More
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UK mortgage approvals rise more than forecast
Thursday 04 Jan 2024
(Sharecast News) - UK mortgage approvals rose more than expected in November, according to data released on Thursday by the Bank of England, rising to their highest in five months as interest-rate pro... Read More
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UK service sector expands at fastest pace in six months
Thursday 04 Jan 2024
(Sharecast News) - Activity in the UK service sector rose at the fastest pace in six months in December, according to a survey released on Thursday. Read More
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China services sector expands more than expected in December - Caixin
Thursday 04 Jan 2024
(Sharecast News) - Activity in China's services sector expanded more than expected in December, according to a survey released on Thursday. Read More
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Aldi and Lidl win UK Christmas battle
Wednesday 03 Jan 2024
(Sharecast News) - German discounters Aldi and Lidl performed best in December, according to data from retail expert Kantar, which said a record £13.7bn was spent at British supermarkets over the four... Read More
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UK manufacturing weakens for 17th straight month, PMI data shows
Tuesday 02 Jan 2024
(Sharecast News) - The downturn in UK manufacturing output worsened in December, with the S&P Global purchasing managers' index (PMI) falling further into negative territory. Read More
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UK house prices fall 1.8% YoY in December on higher mortgage rates
Friday 29 Dec 2023
(Sharecast News) - UK house prices fell by a higher-than-expected 1.8% year on year in December, mortgage lender Nationwide said on Friday, as higher borrowing costs and deposit requirements deterred ... Read More
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UK spring Budget set for March 6, fuelling election speculation
Wednesday 27 Dec 2023
(Sharecast News) - Britain's spring budget statement will be delivered on March 6, the Treasury announced on Wednesday, amid suggestions the government may axe inheritance tax in an attempt to narrow ... Read More
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Boxing Day retail footfall rises, still below pre-Covid levels
Wednesday 27 Dec 2023
(Sharecast News) - Boxing Day foot traffic saw a slight uptick this year, with a 1.4% increase in the number of shoppers compared to the previous year, according to preliminary data from MRI Software. Read More
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